L’Oreal announces Miu Miu licence, after Asian sales disappoint

[ad_1] By Reuters API Published Feb 9, 2024 L’Oreal has signed a licensing agreement with high end fashion label Miu Miu for beauty products, the French cosmetics giant said on Friday. DR “Following the successful collaboration with the Prada brand, Miu Miu is now joining the L’Oréal Luxe division for a new beauty chapter,” the […]

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L’Oreal Q4 sales up 6.9% despite decline in North Asia

[ad_1] By Reuters API Published Feb 9, 2024 Cosmetics group L’Oreal reported a 6.9% rise in fourth quarter sales, slower growth than in the previous quarter, as its travel retail business continued to feel the pinch from changes in regulations of daigou resellers. L’Oreal The Paris-based group, which owns labels ranging from Lancome to Maybelline, […]

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Gucci’s new designer in focus as Kering plots future growth

[ad_1] By Reuters API Published Feb 7, 2024 Investors will be looking to see if Gucci‘s new creative director Sabato de Sarno can move the needle on the company’s financial performance when its owner Kering reports full-year earnings on Thursday. Gucci’s sales have lagged rivals such as LVMH-owned Louis Vuitton and Dior in recent years, […]

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LVMH grows sales as luxury shoppers show resilience

[ad_1] By Reuters API Published Jan 25, 2024 Luxury goods group LVMH posted a 10% rise in fourth quarter sales, as growth edged up from the previous quarter, driven by resilient demand for its high end fashion labels. Sales at the world’s biggest luxury group, which owns labels including Louis Vuitton, Dior and Tiffany, came […]

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